Fishing club passes to a new, more contentious generation

The Mt. Princeton Trout Club was formed in 1965 to own land in Colorado and provide fishing and other recreation benefits to its eight shareholders – some of whom owned individual parcels within the common area. After ownership passed to a new generation, disputes arose and litigation broke out. Upon a finding of mismanagement, the Chaffee Country District Court appointed Cordes & Company as receiver -- tasked with resolution of the issues and liquidation of the club. Cordes conducted research on share ownership, income tax matters and easement issues. Upon resolution of these practical issues, the parties ultimately settled and the corporation was dissolved.